Boeing reports better-than-feared quarter, says supply chain is stabilizing amid 737 Max crisis
Publishing timestamp: 2024-04-24 11:24:43
Summary
Boeing reported a narrower loss and lower cash burn than expected, but is still facing challenges with its 737 Max supply chain. The company's CEO is confident in their ability to stabilize production and improve quality control. Despite the difficulties, Boeing is aiming to achieve $10 billion in annual free cash flow by 2025-2026.
Sentiment: MIXED
Keywords: life, earnings, markets, business news, breaking news: earnings, boeing co, transportation, airlines, breaking news: business, business, travel, breaking news: markets, spirit aerosystems holdings inc, aerospace and defense industry,
Source: https://www.cnbc.com/2024/04/24/boeing-ba-earnings-q1-2024.html